U.S. Markets closed

Levi Strauss: Fiscal 3Q Earnings Snapshot

·1 min read

SAN FRANCISCO (AP) _ Levi Strauss & Co. (LEVI) on Tuesday reported fiscal third-quarter earnings of $27 million.

The San Francisco-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The jeans maker posted revenue of $1.06 billion in the period.

Levi Strauss shares have dropped 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.72, a fall of 26% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LEVI at https://www.zacks.com/ap/LEVI